Key Points Buffett has praised Coca-Cola as an “inevitable,” meaning that people will always buy it, and it will always dominate its industry. It has always focused on large-scale marketing campaigns to strengthen its relationship with its customers. It has raised its dividend annually for 64 years, resulting in a large annual payout for Berkshire … Read more
Crypto Market Update: Cloudflare, Western Union Unveil New Payment Layers
The whipping post
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news Here’s a quick recap of the crypto landscape for Wednesday (August 5) as of 10:00 p.m. UTC. Bitcoin price update Bitcoin (BTC) was priced at US$64,842.31, up by 1.2 percent over the past 24 hours. According to crypto … Read more
Elon Musk Says SpaceX Has a Massive Competitive Advantage in AI That Amazon, Google, and Microsoft Can't Touch
The whipping post
Key Points Elon Musk thinks Space Exploration Technologies can produce better returns on capital than the biggest cloud platforms. Amazon CEO Andy Jassy said it takes three years to break even on servers and networking equipment. SpaceX said it can break even on its cloud computing spend in less than a year. 10 stocks we … Read more
Why Is General Motors Resuming EV Battery Production in Ohio?
General Motors Company GM is set to restart battery cell production at its Ultium Cells facility in Warren, OH, following a seven-month shutdown triggered by weaker consumer demand for electric vehicles. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will resume operations on its assembly lines next week, per Reuters. Once … Read more
SpaceX Has Slumped Since Its Debut. Here Is Where History Says the Stock Heads Next.
Key Points SpaceX (NASDAQ: SPCX), the aerospace and AI company founded by Elon Musk, went public at $135 per share on June 12. Its stock closed at a record high of $211.39 on June 16, but it now trades at about $140. Let’s see why it slumped — and where it might be headed. Why … Read more